Chart Of The Day – Paper Stocks Zooms; Ruchira Papers Hits New High

Paper stocks zoom on the bourses for the consecutive session as China put’s banned in pulp manufacturing factories. As a result, Ruchira Papers witnessed massive accumulation in today’s session to surge 13.56% with above-average volume. The stock had hit a new high to broke out from 8 weeks long consolidation base. The Company has a strong fundamental as its revenue and earnings over the last three years have grown at an average of 10% and 49%, respectively.

Ruchira_MarketSmithIndia